Welcome to our dedicated page for Founder Group news (Ticker: FGL), a resource for investors and traders seeking the latest updates and insights on Founder Group stock.
Founder Group Limited reports developments as a Malaysia-based end-to-end EPCC solutions provider for solar photovoltaic facilities. The company focuses on large-scale solar projects and commercial and industrial solar installations, including rooftop PV systems for factories, warehouses and commercial properties.
Recurring news for FGL includes EPC and EPCC contract awards tied to Malaysia renewable-energy programs, utility-scale solar project work, testing and commissioning activity, and commercial opportunities in large-scale and C&I solar. Company updates also cover Nasdaq Capital Market compliance matters, share actions and capital-structure developments affecting its Class A ordinary shares.
Founder Group (NASDAQ:FGL) announced that subsidiary Founder Energy Sdn Bhd has signed a turn-key EPCC contract to build a 1.78 MW-peak rooftop solar system for a shrimp farming and processing facility in Ayer Hitam, Kedah. The contract is valued at about RM5.58 million (US$1.37 million) and marks the company’s second major aquaculture-focused clean energy project, and its first for an integrated shrimp farm and processing plant. The system is designed for a 25-year operational life. Founder Energy will handle full EPCC works, grid-connection coordination with Tenaga Nasional Berhad and FM Global compliance, while Founder Group plans to support long-term operations with its AI-driven O&M platform featuring automated diagnostics, predictive maintenance and drone inspections.
Founder Group Limited (NASDAQ: FGL), via subsidiary Founder Energy, has signed a turn-key EPCC contract to build a 1.4 MW-peak rooftop solar system for an integrated shrimp farm operating across three sites in Bandar Permaisuri, Terengganu. The contract is valued at about RM4.7 million (US$1.15 million).
This represents Founder Group’s first aquaculture-sector EPCC contract, expanding its customer base into energy‑intensive commercial farming. The scope includes full design, supply, installation and grid connection with Tenaga Nasional, and can be complemented by the company’s AI-driven operations and maintenance platform offering predictive analytics and drone-based inspections.
Founder Group Limited (NASDAQ: FGL) announced it has regained compliance with Nasdaq's minimum publicly held shares requirement under Listing Rule 5550(a)(4). The company said it received a confirmation letter from Nasdaq's Listing Qualifications Department on April 9, 2026, restoring its compliance status.
This confirmation addresses the previously cited deficiency and maintains FGL's continued listing on Nasdaq.
Founder Group (NASDAQ: FGL) secured an additional EPC contract worth RM34 million (~US$8.6 million) under Malaysia’s Large Scale Solar 5 (LSS5) programme for a 9.5 MW solar facility. The project is scheduled to reach commercial operation no later than May 1, 2027.
Founder Group’s total LSS5 contract value now stands at about RM70 million (~US$17.7 million). Management said it intends to pursue further awards under potential LSS6, CRESS and regional solar opportunities to build recurring revenue.
Founder Group (NASDAQ: FGL) secured a RM19.5 million (≈US$5 million) EPC contract to build a 5.5MW solar plant under Malaysia’s LSS5 PETRA programme. The scope covers design, construction, testing and commissioning, with a guaranteed MAAQ of 13,568.8 MWh for the first two years and commercial operation targeted for May 1, 2027.
The win takes place amid a 2,000 MW LSS5 tender and follows 121 approved LSS projects (6,228 MW), reinforcing Founder Group’s EPCC position in Malaysia’s expanding renewables market.
Founder Group (NASDAQ: FGL) secured an approximately RM16 million (US$4.14 million) EPCC contract to build a 25.40MW utility‑scale solar project under Malaysia’s Corporate Green Power Programme (CGPP) announced on March 9, 2026. The project is expected to generate ~53,000 MWh annually, offset ~35,000 tonnes CO2, and supply ~53,000 RECs, while expanding the company’s EPCC order book and visibility into multi‑year recurring revenue opportunities.
Founder Group Limited (NASDAQ: FGL) announced it has regained compliance with Nasdaq Listing Rule 5550(a)(2). On February 25, 2026, Nasdaq confirmed the company’s closing bid price met the US$1.00 minimum, restoring compliance with the exchange’s minimum bid price requirement.
Founder Group Limited (Nasdaq: FGL) received a Nasdaq notice on Feb 17, 2026 that it no longer meets the minimum 500,000 publicly held shares requirement under Nasdaq Listing Rule 5550(a)(4).
The notification does not affect current listing or trading. The company has until April 3, 2026 to file a compliance plan and intends to submit a plan within the required timeframe.
Founder Group Limited (NASDAQ:FGL) will effect a 100-for-1 share combination with a marketplace effective date of February 10, 2026. The combination is intended to enable the company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its Nasdaq listing.
Post-combination, Class A shares will trade under the same symbol FGL with a new CUSIP G3662E121. Each 100 ordinary shares will combine into one share automatically; fractional holdings will be rounded up via bonus shares. Pre-combination counts: 32,178,109 Class A and 9,324,733 Class B shares; post-combination approximations: 321,781 Class A and 93,247 Class B.
Founder Group Limited (NASDAQ:FGL) announced it received a Nasdaq notice dated November 6, 2025, for failing to meet the $1 minimum bid price under Nasdaq Listing Rule 5550(a)(2).
Nasdaq said the notice does not affect current listing or trading and gave a 180-calendar-day compliance period until May 5, 2026 to regain compliance. The company may seek an additional 180 days if it meets market-value and other initial-listing standards (except bid price) and files notice to cure, potentially by effecting a reverse stock split. Founder Group is evaluating options and intends to attempt timely compliance but said there is no assurance it will regain or maintain compliance.